In the past hour, $216 million in futures positions were forcibly liquidated
Major exchanges forcibly liquidated futures positions worth $216 million in the past hour.
In the past 24 hours, futures positions worth $697 million were forcibly liquidated.
SEC Chairman: "No more 'regulation by enforcement'"
Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), announced at the fourth cryptocurrency task force roundtable that "a new era has opened at the SEC". According to The Block, he emphasized that "the SEC will no longer adhere to the 'regulation by enforcement' approach. Instead, it will use existing rulemaking, interpretation, and exemption powers to establish new standards for market participants".
Anchorage Digital acquires USDM issuer Mountain Protocol
Coindesk reported that cryptocurrency bank Anchorage Digital has agreed to acquire Mountain Protocol, the issuer of stablecoin USDM. Nathan McAuley, CEO of Anchorage Digital, stated, "This acquisition is a strategy to strengthen Anchorage Digital's role in the institutional stablecoin ecosystem. We plan to integrate Mountain's technology, personnel, and licensing structure into the Anchorage operating system".
Deutsche Bank: "Stablecoins will become mainstream assets this year"
Deutsche Bank reported that due to U.S. regulatory changes, stablecoins will become mainstream assets this year. According to Coindesk, Deutsche Bank analyzed that "with the Trump administration's cryptocurrency bill, stablecoins could be adopted mainstream this year. In fact, stablecoins currently account for more than two-thirds of cryptocurrency transactions and have significant advantages in speed, payment methods, and costs. Additionally, 83% of stablecoins are pegged to the U.S. dollar, thereby strengthening global dollar dominance".
U.S. real estate asset management firm launches $100 million Token-based fund on Chintai
Cointelegraph reported that PREH (Patel Real Estate Holdings), a U.S. real estate asset management firm, is launching a $100 million tokenized fund based on the Real World Assets (RWA) network Chintai. PREH explained that the fund focuses on tokenized investment in vintage A-class multi-family housing in the top 20 U.S. markets.
Crypto.com partners with Dubai Finance Department to support cryptocurrency payments for public services
Dubai government media announced via X that Crypto.com has established a partnership with the Dubai Department of Finance (DOF). Under the partnership, Crypto.com will support cryptocurrency payments for Dubai public service fees.
New York City Mayor: "New York will become the global cryptocurrency capital"
Eric Adams, Mayor of New York City, emphasized his goal of making New York a global cryptocurrency hub. According to Coindesk, at his Gracie Mansion residence, he stated, "My goal has remained unchanged since my first day in office: to make New York City the global cryptocurrency capital. I will collaborate with tech and cryptocurrency companies, both large corporations and startups, to create a crypto-friendly environment". He added, "Next week, I will host the first Crypto Summit in New York City, where public and private sectors will explore cryptocurrency utilization methods".
Cardano founder: "Designing a stablecoin with cash-level privacy"
Charles Hoskinson, co-founder of Cardano (ADA), mentioned that he is conceptualizing a stablecoin that provides privacy similar to cash. According to DL News, in a podcast on eToro's mobile investment app, he said, "People may not want their transaction information to be traceable by anyone. Cardano is already operating a $31.5 million stablecoin on its own blockchain and could become the ecosystem that develops the world's first privacy-based stablecoin".
Web3 cloud Nervana Labs raises $6 million in investment
Blockworks reported that Web3 cloud infrastructure company Nervana Labs raised $6 million in a seed extension round led jointly by Jump Crypto and Crucible Crypto. The round also saw participation from RW3 Ventures and Castle Island Ventures, bringing the total cumulative investment to $11.8 million.
Openverse Network raises $11 million in investment
Layer0 blockchain infrastructure platform Openverse Network announced raising $11 million in investment. TB Ventures, Duck Dao, and Castrum Capital participated in this investment. Openverse Network plans to use the funds for ecosystem development.
Exponential launches DeFi platform 'YO'
The Block reported that DeFi platform Exponential has launched 'YO', a yield optimization DeFi platform designed for both beginners and experts. Through YO, users can generate yields on Base, Ethereum, and Solana chains. Exponential has previously received investments from Paradigm, Hashed Ventures, Polygon, and Solana Ventures.
Pump.fun starts token creator revenue sharing program
Solana-based meme coin issuance platform Pump.fun announced the start of a program distributing 50% of platform revenue to token creators. Creators will earn 0.05% of transaction fees in SOL for each token trade.
Analysis: U.S.-China tariff agreement more beneficial to stock market than BTC
Analysis suggests that the US-China tariff agreement is more beneficial to the stock market than Bitcoin. Cointelegraph reported, "Bitcoin's temporary halt in its rise near $105,000 was influenced by macroeconomic conditions. The US-China trade negotiations suggest that the stock market will receive more direct and immediate benefits compared to scarce assets like Bitcoin or gold. Tariff reductions are linked to increased corporate sales and improved profit margins, creating a favorable environment for the stock market. Bitcoin investors' lack of confidence is related to the potential decrease in demand for scarce assets due to the suspension of tariff measures. In fact, gold prices dropped by 3.4% after the tariff agreement announcement." It added, "However, considering the $2 billion inflow into the US BTC spot ETF from the 1st to the 9th of this month, the possibility of Bitcoin falling below $100,000 is low. This indicates institutional investor inflow and is a positive signal for the price."
Large Whale "BTC is at the bottom now... Will soon break new all-time high"
Large whale James Wynn stated on X, "BTC has fallen to $102,900 as expected. I've increased my long position to $135 million. I'm confident this is the bottom. We will soon break the all-time high." Previously, he had mentioned hoping that BTC would fall to $102,900 to clear the market before increasing his long position, expecting BTC to rise to $112,000-$116,000 today or tomorrow.
$250 million USDC newly issued
According to Whale Alert, $250 million USDC was newly issued from the USDC Treasury address.
444,675,084 USDC transferred... Anonymous → Sefu
According to Whale Alert, 444,675,084 USDC was transferred from an anonymous address to a Sefu address. This is approximately $440 million.
265,000,000 USDC transferred... Sefu → Anonymous
According to Whale Alert, 265,000,000 USDC was transferred from a Sefu address to an anonymous address. This is approximately $260 million.
US Stock Indices Close Higher
US stock indices closed higher.
S&P500: 3.2%
Nasdaq: 4.3%
Dow: 2.8%
Analysis: "BTC Experiencing Short-term Correction"
After BTC recorded $105,819 and continued to decline below $102,000, analysis suggests this is a short-term technical correction. Cointelegraph analyzed, "Selling pressure may have occurred ahead of the Consumer Price Index (CPI) release on the 13th. However, market structure and fundamental factors such as the adoption rate of BTC in traditional finance and potential improvements in cryptocurrency regulation continue to show strength."
BTC: $9.34 Billion Long Positions to be Liquidated if Below $101,000
According to CoinGlass, if BTC falls below $101,000, $934 million worth of long positions will be forcibly liquidated on major centralized exchanges. If it breaks $104,000, $915 million worth of short positions will be liquidated. Based on CoinMarketCap, BTC is currently trading at $102,988, down 0.91%.
BTC Surpasses $102,000
According to Coinness market monitoring, BTC has surpassed $102,000. On the Binance USDT market, BTC is trading at $102,012.66.
BTC Falls Below $101,000
According to Coinness market monitoring, BTC has fallen below $101,000. On the Binance USDT market, BTC is trading at $100,942.6.
BTC Falls Below $102,000
According to Coinness market monitoring, BTC has fallen below $102,000. On the Binance USDT market, BTC is trading at $101,956.
$115 Million in Futures Positions Liquidated in the Past Hour
$115 million worth of futures positions were forcibly liquidated on major exchanges in the past hour.
Over 24 hours, $588 million worth of futures positions were liquidated.
$110 Million in Futures Positions Liquidated in the Past Hour
$110 million worth of futures positions were forcibly liquidated on major exchanges in the past hour.
Over 24 hours, $506 million worth of futures positions were liquidated.
